Capital Providers

Real‑Time Visibility and Control for Asset‑Backed Credit

Whether you hold the senior, mezzanine, or first-loss position — or manage your own origination platforms — Fence provides real-time visibility, automated covenant enforcement, and continuous verification across every facility.

Facility Monitor Live
Utilization 78%
DSCR 1.42x
Advance Rate 82.1%
Min DSCR Max LTV Concentration Delinquency
Waterfall — Weekly Settled
Collections
Sr. Interest
Mezz
Servicer
Reserve
Residual
The Problem

Legacy workflows create blind spots in your portfolio

Manual reporting, fragmented data, and delayed distributions mean you're always looking at yesterday's picture.

Limited visibility

Monthly reports are too late for real‑time action. By the time you see the data, it's already stale.

Data freshness 30+ days

Manual covenant checks

Human workflows create gaps and late discovery. Breaches are found after the fact, not before.

Check frequency Per IPD

Slow waterfalls

Cash sits idle while distributions wait for manual processing and reconciliation.

Settlement T+5 days

Operational burden

Back‑office time is spent on reconciliation and reporting, not deals and risk management.

Manual hours 40+ hrs/mo
Fence Advantage

Continuous enforcement — not monthly snapshots

Traditional agents test covenants once per IPD. Fence tests continuously — connected directly to originator backends and third-party data sources.

Early-warning alerts flag issues before breaches occur, not after. Every calculation, payment, and exception is logged with immutable audit trails.

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IPD
IPD
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Shared value from transparency

Greater transparency reduces perceived risk. Capital providers improve risk-adjusted returns while borrowers access more favorable terms — both sides share the efficiency gains.

Benefits

Operational efficiency without sacrificing control

100% Continuous

Real‑time risk management

Continuous monitoring of eligibility, covenants, and performance — not periodic snapshots.

0 Manual steps

Automated back‑office

Reconciliation, reporting, and distributions run automatically — your team focuses on deals.

100% Assets verified

Full portfolio verification

Not sample-based. Every asset verified against independent third-party sources — continuously.

T+0 Deployment

Operational financing

Pre-funding solutions and subscription lines reduce idle capital — funds deploy without pre-funding SPV accounts.

Lender Dashboard

Your team's window into every facility

A per‑facility monitoring layer that gives your team real‑time visibility into covenants, performance, and returns — without waiting for reports.

Live
Covenants
Returns
Compliance
Export
Min DSCR Compliant
Actual: 1.42x Trigger: 1.15x
Max LTV Compliant
Actual: 62% Limit: 80%
Delinquency Rate Near Trigger
Actual: 4.6% Limit: 5.0%
Concentration Compliant
Actual: 12.3% Limit: 20%
Real-time covenant tracking with breach proximity alerts
AI-powered self-service analysis — natural language queries
Per-deal returns, effective yield, IRR — always current
Exportable — Excel, PDF, workspace links, compliance packages
Capital Provider Platform

From deals to portfolio

Every facility dashboard feeds into one aggregated view. Go from managing individual deals to managing your entire book.

  • Portfolio intelligence — aggregated exposure by borrower, asset class, geography, and vintage with drill-down into any individual facility
  • Cross-facility comparison — North Star metrics across the book, which deals perform, which don't, and why
  • Aggregated economics — consolidated returns and P&L across all deals, per deal and team-wide
  • Origination intelligence — evaluate new prospects against historical portfolio performance
  • Works across all facilities — deals where Fence is the agent AND deals where data flows via open banking
Portfolio Overview 12 Facilities
$2.4B Total AUM
9.1% Avg Yield
1.38x Avg DSCR
Facility Size Util. Status
Mercury Auto ABS $400M 84% OK
Atlas BNPL Trust $250M 71% OK
Nova SMB Lending $180M 92% Watch
Horizon Consumer $320M 68% OK
How It Works

Designed for lender oversight

1
Digitize terms

Encode covenants and borrowing base rules into machine-readable format.

2
Connect collections

Reconcile cash at the collections account in real time via open banking.

3
Execute cash flows

Rules trigger drawdowns and daily or weekly waterfalls automatically.

4
Report & audit

Instant reporting with immutable audit trails for every action.

5
Improve outcomes

Better controls and faster decision‑making across your portfolio.

See Fence in action

Deploy a tech‑native facility agency with institutional‑grade controls.

Request a demo